“Fedimint is a scalable self-custodial off-chain programmability layer on top of Bitcoin. It allows for use cases that are difficult, time-consuming, and unscalable for general users to do on-chain today. You might think I had a typo calling Fedimint a self-custodial network. Let me explain…” --Tony Giorgio
Embracing Nuance and Exploring Novel Solutions
In our pursuit of solutions, we often risk overlooking the nuances that could unlock a wealth of novel and highly valuable approaches to our problems. The goals we set for ourselves, such as those envisioned with Bitcoin, should not be viewed as final conclusions but rather as points along a never-ending spectrum of exploration and growth. Fedimint represents a profound shift in the realms of trust and privacy for Bitcoin users, breaking down enormous barriers to the provision of services. By embracing the nuances and remaining open to innovative solutions, we may discover paths that transcend our current limitations and unlock new horizons of possibility.
Evaluate how this approach measures up against Bitcoin's trust model and other currency networks. Compare it to Wrapped Bitcoin on the Ethereum blockchain, zero-knowledge roll-up technologies, state chains running on secure enclaves considered noncustodial, and other cryptocurrencies without questionable pricing schemes (insofar as they are legally permitted to operate as self-custodial networks).
This article reframes both the problem and the solution to the many challenges of building in this new industry.
Fedimint (Federated Ecash) is Self-Custodial by Tony Giorgio
https://tonygiorgio.com/fedimint/
William K⚡Santiago🔑☢️
npub1h3…w96sj
2024-06-03 13:05:17
Author Public Key
npub1h3fzzzeq60acjvnyvw34rpn5clkaueteffmkt3ln4ygekg9lcm0qhw96sjPublished at
2024-06-03 13:05:17Event JSON
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"content": "“Fedimint is a scalable self-custodial off-chain programmability layer on top of Bitcoin. It allows for use cases that are difficult, time-consuming, and unscalable for general users to do on-chain today. You might think I had a typo calling Fedimint a self-custodial network. Let me explain…” --Tony Giorgio\n\nEmbracing Nuance and Exploring Novel Solutions\nIn our pursuit of solutions, we often risk overlooking the nuances that could unlock a wealth of novel and highly valuable approaches to our problems. The goals we set for ourselves, such as those envisioned with Bitcoin, should not be viewed as final conclusions but rather as points along a never-ending spectrum of exploration and growth. Fedimint represents a profound shift in the realms of trust and privacy for Bitcoin users, breaking down enormous barriers to the provision of services. By embracing the nuances and remaining open to innovative solutions, we may discover paths that transcend our current limitations and unlock new horizons of possibility.\n\nEvaluate how this approach measures up against Bitcoin's trust model and other currency networks. Compare it to Wrapped Bitcoin on the Ethereum blockchain, zero-knowledge roll-up technologies, state chains running on secure enclaves considered noncustodial, and other cryptocurrencies without questionable pricing schemes (insofar as they are legally permitted to operate as self-custodial networks).\n\nThis article reframes both the problem and the solution to the many challenges of building in this new industry.\n\nFedimint (Federated Ecash) is Self-Custodial by Tony Giorgio\nhttps://tonygiorgio.com/fedimint/",
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